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BARTELS v. CLAYTON BROKERAGE CO. OF ST. LOUIS

No. 85 Civ. 7096 (GLG).

631 F.Supp. 442 (1986)

Karl H. BARTELS, et al., Plaintiffs, v. CLAYTON BROKERAGE CO. OF ST. LOUIS, INC., et al., Defendants.

United States District Court, S.D. New York.

March 28, 1986.

Attorney(s) appearing for the Case

Lovell & Stewart, New York City, for plaintiffs; Christopher Lovell, of counsel.

Cowan, Liebowitz & Latman, P.C., New York City, Thompson & Mitchell, St. Louis, Mo., for defendants; Peter R. Porcino, New York City, Kenton E. Knickmeyer, St. Louis, Mo., of counsel.

OPINION

GOETTEL, District Judge:

The plaintiffs seek damages for the defendants' allegedly fraudulent acts in inducing them to invest in commodity futures contracts. The plaintiffs allege that the defendants misrepresented the financial risks of commodity futures and neglected to conform to the Commodity Futures Trading Commission ("CFTC") rules in setting up the plaintiffs' accounts. Their complaint alleges violations of section 4b of the Commodity Exchange...

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